(WASHINGTON, May 28, 2021) – Daniel J. Cardinali, president and CEO of Independent Sector, issues the following statement:
“It’s deeply gratifying that President Biden did not include a cap on the charitable deduction in his Fiscal Year 2022 budget proposal. As Independent Sector and its members noted to staff at the Treasury Department, the burden of this cap would not be borne by the wealthy, but by the people that charities serve. Eliminating billions of dollars in donations during normal times would be harmful to nonprofit missions in every community. Doing so amid our ongoing health, economic, and racial justice crises would be nothing short of devastating. We applaud the Administration’s responsiveness to our sector’s concerns but must also remain vigilant should this proposal reemerge in the future.
Independent Sector and its members look forward to using our collective voice to advocate for many priorities that we share with this budget proposal. Through the American Jobs Plan and the American Families Plan, it calls for transformative investments in civic and community infrastructure that echo the work of the Nonprofit Infrastructure Investment Advocacy Group, a coalition of more than 50 nonprofits co-founded by Independent Sector and KABOOM!. Significant funding for broadband access, child care, public transit, workforce development, and other areas important for civic infrastructure will help strengthen the core services and assets that nonprofits and foundations of every type need to fulfill their missions.
We look forward to working with President Biden, his administration, and members of Congress from both parties to advance policies that support the work of the charitable sector.”
Independent Sector is the only national membership organization that brings together a diverse community of changemakers at nonprofits, foundations, and corporate giving programs working to ensure all people in the United States thrive.